Startup Funding In India: Is The Dream Over?

October 24, 2016

Startup Funding In India: Is The Dream Over?

Startup Funding In India: Is The Dream Over?

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Editor’s Remarks:The early rise in startup funding deals has begun to decline amidst concerns that India is on the precipice of experiencing its first investment bubble. The downturn has claimed some noteworthy victims, such as PepperTap, a grocery delivery app financed by Sequoia Capital, and Indian unicorn Zomato. PepperTap has shut down delivery operations and moved into the logistics market, while Zomato has laid off 300 of its staff. Perhaps this industry crash is a much-needed wake-up call, as money has been funnelled into these technology startups without much thought. Indian entrepreneurs have created some hugely profitable businesses such as Ibibo, Snapdeal and Big Basket, but while there are many exciting opportunities, investors should be wary of where the market is heading.

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